Análisis de derivados financieros como alternativa de cobertura frente al riesgo cambiario en la empresa Baterías Willard SA
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Fecha
2021
Autores
Barrios Andrade, Paola Carolina
Gómez Cuentas, Laura Vanessa
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Ediciones Universidad Simón Bolívar
Facultad de Administración y Negocios
Facultad de Administración y Negocios
Resumen
Los derivados financieros son utilizados en las empresas para mitigar el riesgo cambiario cuando existen actividades de exportación e importación. Para la empresa Batería Willard SA. productora de baterías automotrices, con exportaciones del 60% de su materia prima, requieren de una estrategia para disminuir los riesgos por incrementos de tasa de interés y cambios diferenciales por excedentes en dólares al presentarse en actividades de exportación e importación.
En la presente investigación se busca analizar los instrumentos financieros que se podrían aplicar a la empresa Baterías Willard SA con el fin de reducir los aspectos negativos de los cambios impredecibles que la tasa de cambio pueda generar en los resultados de esta compañía. La investigación es de tipo descriptivo y se logra estudiar a través de entrevistas el derivado financiero que ayude a mitigar los riesgos cambiarios en la importación y exportación de materia prima.
Al revelar las recomendaciones dadas por los cuatro (4) expertos bancarios de derivados financieros, a través de una entrevista; se observa que el instrumento de mayor volumen en la empresa Willard es el Forward que se utilizan especialmente para intermediar financieramente en la cobertura de moneda extranjera.
Se determinó que la compañía Baterías Willard SA. desde su área financiera deben realizar un análisis más profundo sobre el derivado financiero que se debe implementar para intermediar en las actividades que realizan.
Financial derivatives are used in companies to mitigate exchange risk when there are export and import activities. For the company Bateria Willard SA. A producer of automotive batteries, with exports of 60% of its raw material, they require a strategy to reduce the risks of interest rate increases and differential changes due to surpluses in dollars when they occur in export and import activities. This research seeks to analyze the financial instruments that could be applied to the company Baterías Willard SA in order to reduce the negative aspects of the unpredictable changes that the exchange rate may generate in the results of this company. The research is descriptive and it is possible to study through interviews the financial derivative that helps mitigate exchange risks in the import and export of raw materials. By revealing the recommendations given by the four (4) financial derivatives banking experts, through an-interview; It is observed that the instrument with the largest volume in the Willard company is the Forward, which is used especially to financially intermediate in the foreign currency hedging. It was determined that the company Baterías Willard SA. From their financial area, they must carry out a more in-depth analysis of the financial derivative that must be implemented to mediate in the activities they carry out.
Financial derivatives are used in companies to mitigate exchange risk when there are export and import activities. For the company Bateria Willard SA. A producer of automotive batteries, with exports of 60% of its raw material, they require a strategy to reduce the risks of interest rate increases and differential changes due to surpluses in dollars when they occur in export and import activities. This research seeks to analyze the financial instruments that could be applied to the company Baterías Willard SA in order to reduce the negative aspects of the unpredictable changes that the exchange rate may generate in the results of this company. The research is descriptive and it is possible to study through interviews the financial derivative that helps mitigate exchange risks in the import and export of raw materials. By revealing the recommendations given by the four (4) financial derivatives banking experts, through an-interview; It is observed that the instrument with the largest volume in the Willard company is the Forward, which is used especially to financially intermediate in the foreign currency hedging. It was determined that the company Baterías Willard SA. From their financial area, they must carry out a more in-depth analysis of the financial derivative that must be implemented to mediate in the activities they carry out.
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Palabras clave
Derivados financieros, Riesgo cambiario, Tasa de cambio y cobertura, Financial derivatives, Exchange risk, Exchange rate and hedging